HB50 Alabama 2015 1st Special Session

Summary

Primary Sponsor

Mac McCutcheon

Republican

Session

First Special Session 2015

Title

Taxation, levy of index gasoline tax and index diesel tax, authorized, Secs. 40-17-370 to 40-17-373, inclusive, added; Sec. 40-17-325 am'd.

Description

This bill would amend the existing gasoline and diesel fuel tax by providing for the indexing of five cents per gallon of gasoline and diesel fuel with an additional indexing of two cents per gallon annually in the event certain criteria are satisfied.

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Subjects

Taxation